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BSA/AML Officer - Payments Fintech

  • Location: Attica, OH
  • Job Type: Direct Placement
  • Ref No: 20-02931
  • Date: June 29, 2020
  • Job title:

James McDade

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Job Description - BSA/AML Officer - Payments Fintech

BSA/AML Officer - Payments Fintech


We are looking for a candidate who can be responsible for the oversight and management of all aspects of the BSA/AML, OFAC and KYC compliance programs and ensures adherence to all regulatory requirements applicable, inclusive of BSA, OFAC, USA Patriot Act, for the firms payments programs.


Essential Functions:

Job Specific:

  • Responsible for overall management of the daily administration, operation and monitoring of the Bank's BSA/AML, OFAC and KYC compliance programs for prepaid card and payments programs.
  • Ensures implementation of BSA/AML policies, procedures, and technologies (inclusive of CDD/EDD/CIP/SAR).
  • Reviews, recommends and develops general and business-specific BSA/AML, OFAC and KYC related training programs for Bank employees and the Board of Directors.
  • Acts as the coordinator for all internal audits and regulatory examinations of the Bank's payments and prepaid card BSA/AML, OFAC and KYC compliance programs. Assists with periodic validation of BSA systems and ensures that findings are addressed and corrected in a timely manner.
  • Analyzes the level and volume of risk by completing regular risk assessments.
  • Stays up-to-date with new and/or changes to laws and regulations applicable to the Bank's activities.
  • Assists in the development and enhancement of BSA/AML, OFAC and KYC/CIP compliance automation, including reviewing specifications, participating and evaluating through testing and recommendations.
  • Managing the payments department
  • Manages the automated suspicious activity monitoring software, conducts investigations and files SARS and CTRS when necessary.
  • Maintains current ACAMS licensure (or equivalent) and obtains required annual BSA training.
  • Consistently training and updating the training program.
  • Is engaged with prepaid card lines of business participating as a voting member of the Prepaid Card Management Risk Committee. Periodically participates in Program Manager discussions on CIP testing, and suspicious activity monitoring/reporting.
  • Monitors prepaid card testing performed by the department employees. Reaches out to counterparts and various Program Managers to discuss and understand their compliance program to be sure the Bank is in compliance with all state, federal and regulatory laws, regulations and best practices.
  • Acts as the OFAC Officer for the Bank. Responsible for writing and maintaining a written OFAC compliance plan.
  • Acts as the Anti-Money Laundering Policy Officer for prepaid and payments. Develops and maintains a program that covers all facets of money laundering. Develops, implements and monitors safeguards to protect the Bank from money laundering activities. Reviews SAR's to identify trends and questionable transactions. Files SARs when necessary. Monitors FATF's (Financial Action Task Force) and NCCT (Non-cooperative countries and Terrorists) list to identify non-cooperating countries and territories. Develops policies and procedures that addresses handling transactions from individuals who reside, do business or are in some way affiliated with those countries/territories identified.



- 7+ years of BSA/AML experience, preferably with a mid-size to large financial institution or a Money Service Business (MSB). Experience working specifically with pre-paid card and payments programs.

- Bachelor's degree. An advanced degree (JD or MBA) preferred.

- ACAMS preferred.


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